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Budget 2021: FM proposes tax exemption for aircraft leasing companies

The government on Monday proposed tax exemption for aircraft leasing companies

Budget 2021 | Nirmala Sitharaman | Union Budget

Press Trust of India  |  New Delhi 

Nirmala Sitharaman
Nirmala Sitharaman

The government on Monday proposed tax exemption for aircraft leasing companies.

Finance Minister while presenting the for 2021-22 proposed tax exemption for aircraft leasing companies and also announced tax exemption for notified affordable housing for migrant workers.

Sitharaman also said the Rs 1.5 lakh deduction on payment of interest for affordable housing has been extended by one year.

Stating that there were record GST collections in the last few months, the finance minister said the government will take every possible measure to reduce anomalies, including the inverted duty structures in GST.

She also announced a proposal to review over 400 old exemptions in indirect taxes and the government will begin extensive consultation for the same from October 2021.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, February 01 2021. 14:00 IST